Equity Performance and the Business Cycle

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Equity Performance and the Business Cycle

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Equity Performance and the Business Cycle Average Monthly Returns in % Data through November 2000

Equity Performance and the Business Cycle Average Monthly Standard Deviation of Returns in % Data through November 2000

Equity Performance and the Business Cycle Correlation of Returns with World Data through November 2000

Equity Performance and the Business Cycle Covariance of Returns with World Data through November 2000

U.S. Yield Curve Inverts Before Last Five Recessions (5-year Treasury bond - 3-month Treasury bill) % GDP Growth/ Yield Curve % Real annual GDP growth Yield curve ? Recession Correct Recession Correct Recession Correct Recession Correct 2 Recessions Correct Data though 12/20/00 Campbell R. Harvey

Annual Real Economic Growth After Yield Curve Inversions Campbell R. Harvey

Stock Returns and U.S. Yield Curve Average Monthly Returns in % Data through November 2000

Average Monthly Stock Returns After Yield Curve Inversions Equally weighted Value weighted Based on 19 countries. Campbell R. Harvey